Financial Accounting
Think accounting is just adding numbers? Accounting professionals are trusted advisors who transform economic events into financial insights that guide critical business decisions. Learn the fundamentals of recording business transactions and understand what financial statements communicate about organizational performance. Build foundational skills in transaction analysis while exploring diverse accounting career paths.
Course Topics
The Accounting Ecosystem
Explore how accounting serves as the universal business language that connects stakeholders across industries. Discover diverse career paths from public accounting to corporate finance, nonprofit organizations, and government entities, while reflecting on how personal interests and strengths align with different accounting specializations.
The Accounting Equation and Double-Entry System
Uncover the elegant symmetry behind financial recording with the accounting equation. Like a scale ensuring accuracy, the double-entry system creates a self-checking mechanism that has powered business documentation for centuries.
The Accounting Cycle Journey
Follow the complete transformation of raw financial data into polished reports through the accounting cycle: identifying and classifying transactions, recording journal entries, posting to ledgers, preparing trial balances, making adjusting and closing entries, and crafting financial statements that communicate organizational health.
Financial Statement Overview
Understand the purpose and components of financial statements and how they connect to communicate business performance
Financial Statement Relationships
Analyze the interconnected relationships between financial statements to ensure internal consistency and full compliance with Generally Accepted Accounting Principles (GAAP).
Financial Data Analytics
Apply basic data analytics techniques to verify the completeness and accuracy of financial data, using technology tools to enhance the reliability of financial reporting while maintaining ethical standards.
Financial Stakeholder Communication
Develop skills to interpret and communicate financial performance to diverse stakeholders, translating complex financial data into clear, meaningful insights using appropriate accounting language and professional narrative techniques.
Ethics in Financial Reporting
Examine the ethical responsibilities of accounting professionals and the impact of financial reporting decisions on stakeholders, including analysis of real-world cases and professional standards.
200
Disclosure
This course is delivered online through an institution of the Lower Cost Models Consortium (LCMC) that is different than your degree-granting institution that awards the academic credit for the course.
